RE: Rock and a Hard place: Investor or creator?
I believe that we all came to steemit because it paid us to post. It means that in the long run, majority of us are here to make money.
That being said, I believe that certain realism should be applied. I power my sbd... Yes I exchange sbd for steem and power it up. I believe in growing my SP because I believe in the steemit blockchain and also because I want to be independent of support and also be in a position to support those who are just starting out.
Yet, still trying to be realistic, I still need to eat, pay bills, pay for my hobbies, support my aging parents and little nieces and nephews. Do I forgo them for my steemit dream? No, not at all. I have as a result always left a fixed amount of sbd that I do not sell or exchange.
It is always there for the day prices will rock my mind and I can sell with good profit. I powerup half of everything that comes on top and sell the other half.
It is slow going I know, but I am trying to serve my conscience and that is the only thing that I truly care about.
Of course and as you know, I actually have nothing against this either but, there comes a time where a platform change or some other shift is likely to leave many out in the cold.
I hope the SBD spike comes because it could also return to one.
That is the risk that I have to take. And to lessen the risk I have also decided to exchange half my sbd for steem. So I will something in steem and something sbd. That reduces my risk to a certain level.
It has to go up. Steem Dollars there are 270 million or so and SBD there are in the region of 12 million. The rarity has to force them up to more than Steem. I may be wrong but it doesn't make sense the one that has less isn't more valuable.